Sam, if I was in your position and was deep in the red, unless...

Sam, if I was in your position and was deep in the red, unless you need the money as soon as possible leave it alone until around christmas time.

I don't think you will ever recover your money (sorry buddy, I am too deep in the red in another stock so i know how it feels) but the best you can hope for is that IOT will manage to do something by around christmas time hopefully lifting the share price from these levels.

At the end of the day, waiting until christmas will give you the best chance of recovering your losses.
From now on, no matter how good of a deal any company looks, put some stop losses in place a few pips down from your buy price.
It's better to miss out on picking the bottom and being stopped out then to get your money stuck.

Just my honest opinion mate.

All the best